Second Growth Inc

Analysis

Second Growth Inc is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Second Growth Inc reported income of $376k and spending of $434k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $219k to $376k (+72%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Second Growth Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within NH. Charities of a similar size with the same main cause include Training for Change Inc ($376k), Visionary Futures ($376k) and Agape House ($376k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $84k (19% of expenses). Other salaries and wages came to $254k. At year end it held assets of $36k against liabilities of $7,609, net assets of $28k. It reported 12 employees.